The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

I am looking to estimate the potential for failure in a complex system using Monte Carlo simulation. I am quite familiar with using MC for engineering simulations, but have never approached the ...

Rick Ferri, the tenacious burr under the saddle of asset-based financial planning business models, is at it again. Concurrent with his ongoing battle to push the financial advice industry toward lower ...